All the firms advised by Mr Singhal's company teknopak advisors are losing money and have destroyed wealth. That's beauty of capitalism that Arvind Singhal has not been ostracized because no one is willing say that emperor has no clothes on. As far as valuations of net companies are concerned, they are all bleeding money, bleeding brick and mortar stores and bleeding the nation's economy but no body cares as long as they do it on equity and not debt. Hope some sense prevails in our businessmen and marketeers to do away with frivolous and unjustified costs whiling marketing a product and increasing profits while serving the customer better. First frivolous cost to be cut is firing all the retail advisors and listening to customers and suppliers directly.
